US Laws, Codes, Statutes & Cases

 
    §  11-401  Definitions.  Whenever  used in this chapter, the following
  terms shall mean:
    1. "Tax lien." The lien arising as  a  result  of  the  nonpayment  of
  taxes,  assessments,  sewer  rents,  sewer  surcharges, water rents, any
  other charges that are made a lien subject to  the  provisions  of  this
  chapter  or chapter three of this title, interest and penalties thereon,
  and the right of the city to receive such amounts.
    2. "Court." The supreme court.
    3. "Class." Any class of real property defined in subdivision  one  of
  section  eighteen  hundred  two  of  the  real property tax law, and any
  subclassification   of   class   two   real    property    where    such
  subclassification  is established by rule of the commissioner of finance
  promulgated pursuant to this subdivision.
    4. "Distressed property." Any parcel of class one or  class  two  real
  property  that is subject to a tax lien or liens with a lien or liens to
  value ratio, as determined by the commissioner of finance, equal  to  or
  greater  than  fifteen  percent  and that meets one of the following two
  criteria:
    i. such parcel has an average of five or more hazardous or immediately
  hazardous violations of record  of  the  housing  maintenance  code  per
  dwelling unit; or
    ii.  such  parcel  is  subject  to  a  lien  or liens for any expenses
  incurred by the department of housing preservation and  development  for
  the  repair  or  the elimination of any dangerous or unlawful conditions
  therein, pursuant to section 27-2144 of this code, in an amount equal to
  or greater than one thousand dollars.